TN Bankruptcy Exemptions
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FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Tennessee Code unless noted. |
|
ASSET |
EXEMPTION |
LAW PROVISION |
|
HOMESTEAD |
$5000; $7500 for joint owners
Life estate
2-15 year lease
Spouse or child of deceased owner may claim homestead exemption
Property held as tenancy by the entirety may be exempt against debts owed by only one spouse |
26-2-301
26-2-302
26-2-303
26-2-301
In re Arango, 136 B.R. 740, aff’d, 992 F. 2d 611 (6th Cir. 1993) |
|
INSURANCE |
Accident, health or disability benefits for resident and citizen of Tennessee
Disability or illness benefits
Fraternal benefit society benefits
Homeowners’ insurance proceeds to $5000 |
26-2-110
26-2-111(1) ( C)
56-25-1403
26-2-304 |
|
MISC. |
Alimony owed for 30 days before filing for bankruptcy
Property of business partnership |
26-2-111(1) (E)
61-1-124 |
|
PENSIONS |
ERISA-qualified benefits
Public employees
State & local government employees
Teachers |
26-2-111(1) (D)
8-36-111
26-2-104
49-5-909 |
|
PERSONAL PROPERTY |
Bible, schoolbooks, pictures, portraits, clothing & storage containers
Burial plot to 1 acre
Health aids
Lost earnings payments for you or person you depended on
Personal injury recoveries to $7500 (not to include pain and suffering); wrongful death recoveries to $10,000 (you can’t exempt more than $15,000 total for personal injury, wrongful death & crime victims’ compensation) |
26-2-103
26-2-305, 46-2-102
26-2-111(5)
26-2-111(3)
26-2-111(2) (B)
26-2-111(2) ( C) |
|
PUBLIC BENEFITS |
Aid to blind
Aid to disabled
Crime victims’ compensation to $5000 (see personal property)
Local public assistance
Old-age assistance
Social security
Unemployment compensation
Veterans’ benefits
Workers’ compensation |
71-4-117
71-4-1112
26-2-111(2) (A), 29-13-111
26-2-111(1) (A)
71-2-216
26-2-111(1) (A)
26-2-111(1) (A)
26-2-111(1) (B)
50-6-223 |
|
TOOLS OF TRADE |
Implements, books & tools of trade to $1900 |
26-2-111(4) |
|
WAGES |
Minimum 75% of earned but unpaid wages, plus $2.50 per week per child; bankruptcy judge may authorize more for low-income debtors |
26-2-106
26-2-107 |
|
WILD CARD |
$4,000 of any personal property |
26-2-102 |
TN Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
| BANKRUPTCY COURTS |
NUMBER OF COPIES |
Eastern District
Chattanooga Division
P.O. Box 1189
343 U.S. Courthouse
Chattanooga, TN 37402
Telephone: (423) 752-5163
Knoxville Division
1st Tennessee Plaza, Ste. 1501
Knoxville, TN 37929
Telephone: (423) 545-4279
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contact clerks office |
Middle District
Second Floor, Customs House
701 Broadway
Nashville, TN 37203
Telephone: (615)736-5584
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contact clerks office
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Western District
Eastern Division
111 South Highland, Room 107
Jackson, TN 38302
Telephone: (901) 424-9751
Western Division
200 Jefferson Avenue, Room 413
Memphis, TN 38103
Telephone: (901) 544-3202
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contact clerks office
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